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This past week in gold

Jack Chan
Jun 23, 2008

GLD - on sell signal.


SLV - on sell signal.


GDX - on sell signal.


XGD.TO - on sell signal.


Since topping in March, both buy and sell signals have failed to establish a trend, thus resulting in the current multi month consolidation. We continue to stay neutral.

*** For this weekend only, sector reports on metals, energy, and the broad market can be emailed to you upon request, with no obligations and no future solicitations as we do not keep your email addresses on file. Send request to: jack@simplyprofits.org

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and set ups to initiate or accumulate positions.

End of update

Jun 21, 2008
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd